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Dennis Norman This week I attended an event at the St. Louis Association of REALTORS® in which Lawrence Yun, Chief Economist for the National Association of REALTORS® was the featured speaker and ga - Home Purchase Mortgage Applications Increase Slightly for Second Consecutive Week
Dennis Norman With mortgage rates near an all-time low one might expect a lot more people taking advantage and buying a home. However, even low interest rates have not been enough to fire up home-bu - Fannie Mae Tightens Underwriting Standards
Fannie Mae Rolls out New Loan Quality Initiative (LQI) Program – Tightens underwriting requirements and aims to reduce borrower fraud. These rules could derail some closings for buyers who - Case-Shiller; Housing market not in any form of sustained recovery
Dennis Norman This morning S&P/Case-Shiller Index report for May was released showing that the annual growth rates in 15 of the 20 Metro Area’s their reports cover improved in May compared t - Is a home a good investment?
Please take a moment and answer our one-question poll to the right → → → Dennis Norman Asking this question now is about like asking a newly divorced person their thoughts on marriage…. - New Home Sales Increase 23 percent to Second-Worst Rate on Record
Dennis Norman Yes, the headline is correct….New home sales in June were up 23 percent from May, but unfortunately the revised May annual new home sales rate of 267,000 was the lowest rate of sal - Best Real Estate Markets in the U.S? Nine of Ten Zips are in California
Dennis Norman Multiple Offers and Homes Selling for prices ABOVE list price? Is this a reprint of a post from 2005? Nope. Believe it or not, this is exactly what was in a report released this mornin - Home Prices Are Not Recovering
Dennis Norman Home sales activity was up in May, but the mix of sales shifted toward less-expensive properties in many cities throughout the U.S. according to the May 2010 Radarlogic Housing Market Re - Closing of Tax Credit Induced Home Purchases Prop-Up Market in June
Dennis Norman Last month I said that I expected to see some elevated numbers in the existing home sales report for May and June since this report would reflect the actual closing of the home purchases - Record-Low Interest Rates Spur Refinancing; Home Purchase Mortgage Applications Increase Slightly
Dennis Norman Last week I said that in my real estate career I’ve not seen a time that lower interest rates didn’t spur some sort of activity in the market. Finally, it happened, at least